KYC

Theft and money laundering are both thriving in the crypto world, according to a report released Tuesday by CipherTrace.

The bank sought to evade the consequences of compliance failures including weak scrutiny of transactions that could be tied to North Korea, the N.Y. banking superintendent said in demanding access to communications between the bank and its new supervisor, the OCC.

Deadlines imposed by U.S. and EU regulators are giving banks intercontinental whiplash.

Prometheum wants to win the SEC’s approval of its own token offering, paving the way for others shortly afterward.

Efforts by financial institutions to track "beneficial ownership" data in advance of a regulatory deadline next month is complicated by the challenge of getting customers to cough up the information.

Everytown for Gun Safety says that its recommended guidelines are similar to banks' know-your-customer principles.